Lowe’s (LOW) Is Set to Raise Dividend, but Wait for a Price Correction
Lowe’s (NYSE:LOW) is set make a big dividend increase next month, underpinned by its potential to generate a sustainable growth in its revenue and earnings. Lowe’s is a solid pick for dividend investors considering its long dividend growth history and the strategy to return increasing cash to investors.
The company has paid quarterly dividend each quarter since 1961 and has raised dividends over the last 54 straight years, making it a dividend aristocrat. Last year, the company increased its dividend by 25% to $0.35 per share, yielding around 1.70%. This year, analysts expect LOW to make at least 20% increase in quarterly dividend.
On the other hand, the company has also
Lowe’s (NYSE:LOW) is set make a big dividend increase next month, underpinned by its potential to generate a sustainable growth in its revenue and earnings. Lowe’s is a solid pick for dividend investors considering its long dividend growth history and the strategy to return increasing cash to investors.
The company has paid quarterly dividend each quarter since 1961 and has raised dividends over the last 54 straight years, making it a dividend aristocrat. Last year, the company increased its dividend by 25% to $0.35 per share, yielding around 1.70%. This year, analysts expect LOW to make at least 20% increase in quarterly dividend.
On the other hand, the company has also